The reason(s) to believe that health spending as a share of GDP will continue to rise over time is/are:
A) the retirement of the baby boomer generation
B) as people's incomes rise, among the most valuable goods they can purchase are additional life and health
C) increased life expectancy
D) All of these answers are correct.
E) None of these answers are correct.

Question

Quizplus · Accepted Answer

All of the choices contribute to the continued rise of health spending as a share of GDP. The retirement of the baby boomer generation will increase demand for healthcare services, as elderly individuals tend to use more healthcare services than younger individuals. As people's incomes rise, they tend to prioritize their health and purchase additional life and health services, and increased life expectancy means that people are living longer and thus require more healthcare services as they age.

The Reason(s) to Believe That Health Spending as a Share